Colleague (Technician) – Liability Valuation (Actuarial)

We are M&G Global Services Private Limited (formerly known as 10FA India Private Limited, and prior to that Prudential Global Services Private Limited). We are a fully owned subsidiary of the M&G plc group of companies, operating as a Global Capability Centre providing a range of value adding services to the Group since 2003. At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.

M&G Global Services has rapidly transformed itself into a powerhouse of capability that is playing an important role in M&G plc's ambition to be the best loved and most successful savings and investments company in the world.

Our diversified service offerings extending from Digital Services (Digital Engineering, AI, Advanced Analytics, RPA, and BI & Insights), Business Transformation, Management Consulting & Strategy, Finance, Actuarial, Quants, Research, Information Technology, Customer Service, Risk & Compliance and Audit provide our people with exciting career growth opportunities. Through our behaviours of telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

Job Title: Colleague (Technician) – Liability Valuation 
Job Function : Actuarial
Location: Mumbai
Business Area: M&G Global Services

As an Actuarial Colleague, the person will be required to work in a number of heavy models within the team. The technical requirements will be reflected in her/his annual objectives. The person will also be expected to provide technical assistance to more junior members in the team, if any. The job would involve carrying out the tasks for the process to meet deliverables with an acceptable standard of quality and within agreed timelines.

    Set up assumptions and data on the PALM model coded in RAFM, run the model and process output in required format as per user request form
    Interact with Mumbai team members and also the run requestors (Customers) to prioritise runs effectively without breaching any timelines and also to understand the purpose of the run when required
    Maintain an 'audit trail' and version control to demonstrate the adequacy of the spreadsheet controls for future enhancements to the product
    Perform Model Testing (Operational Acceptance Testing) as per release scope and business requirement
    Draft and maintain up-to-date, appropriate documentation and checklists for any processes that are implemented
    Support projects as per requirement and BAU queries from other areas of business 
    Work in a structured and logical way with a lot of focus high degree of accuracy
    Ability to identify and understand business issues,  and understand the impact on the business of proposed solutions
    Seek and act on opportunities to develop technical and business understanding
    Compliance – Ensure understanding and adherence to M&G India's Code of Conduct and, where appropriate, comply with all relevant regulatory policies. This includes completion of any mandatory training requirements    
 

Additional Responsibilities
Problem Solving:

•    Ability to confidently express own viewpoint and to clearly and simply communicate issues within their team

•    Ability to develop clear, workable plans for self; monitor progress; ensure deadlines and commitments are met

•    Maintain and develop knowledge of technical requirements of job together with the framework in which M&G India operates
 

Accountability

•    Liaise with development, business and systems support teams

•    Ability to plan and prioritise own workload

•    Ability to deliver on multiple tasks to demanding timescales

•    Communicate effectively with others, develop positive networks and working relationships

•    Flexible approach to responsibilities, working hours, and willing to travel if required
 

Knowledge & Skills :

    A numerical based degree or Post Graduate qualification
   Technical understanding of various tools and techniques used eg: VBA, Python, Power BI and/or other relevant Actuarial applications
    Strong numerical and spreadsheet (Excel) skills
    Confidence & excellent communication – written and verbal
    Track record of being a fast learner 
    Resourceful in finding solutions and identifying sources of help and information
    Strong problem-solving skills
    Good team player – the execution stage is crucial to the success of the project and it is essential to be able to contribute fully to the team effort
 

Experience:

    Up to 0-3 years of relevant work experience or relevant experience in BFSI 

We have a diverse workforce and an inclusive culture at M&G Global Services, regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.